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pitt&sherry Renegotiate and Repurpose a Full Floor at 241 Adelaide St

Privately owned Australian engineering firm pitt&sherry have continued to grow their presence in Brisbane, doubling in size in a little over twelve (12) months. Winning a number of projects across Civil, Energy and Environmental aspects of the business pushed pitt&sherry to take a full 509sqm floor at Brisbane Club Tower, having previously occupied a 225sqm spec fit out within the tower.

 

 

Caden Office Leasing had acted for pitt&sherry on their previous relocation into 241 Adelaide Street and were engaged for a second time to help manage their growth requirement.

Initially, pitt&sherry were looking at all options including taking a smaller space at a building nearby before merging into a larger space once both leases expired. Given that there were a number of behind-the-scenes variables that had to fall into place, the preference for the business was to move out of their Level 10 suite and into a tenancy of 400 – 500sqm.

Caden were aware of a full floor that had recently been vacated within 241 Adelaide Street. The tenancy had an existing fit out which, upon initial inspection ticked almost all of pitt&sherry’s requirements. Aside from the standard Landlord and make-good works that were required, pitt&sherry were fortunate enough to be able to re-use 90% of the existing fixtures and partitioning which enabled them to use the majority of the incentive as rental abatement.

For details on this lease, or to discuss your leasing enquiries contact Chris Chapman on 0401 153 992 or email.